The Section 502 Direct Loan Program, also known as USDA Direct Loans, is a program that aids low and very-low-income individuals purchase decent healthy, safe and clean housing in eligible rural areas. That’s accomplished though offering payment assistance which boosts a borrower’s capacity to repay. This payment assistance can be described as a form of subsidy that lowers the mortgage repayment for a brief period, and the amount of assistance is contingent upon the adjusted family income. USDA Section 502 Direct Loans in Oklahoma aren’t the same thing as USDA Section 502 Guaranteed Loans in Oklahoma. The USDA Guaranteed Loan Program is more popular and accommodates a wider range of applicant incomes.

Can I get a USDA Direct Loan in Oklahoma?

USDA Loan RequirementsUSDA Direct Loans in Oklahoma are low income loans that can be used to purchase homes in rural areas. To qualify for Direct Loans, applicants must have low or very low income, which is defined by the USDA as 50% to 80% of the Area Median Income (AMI). Like other rural housing loan programs, USDA Direct Loans are a mortgage with no down payment. The median income for the entire state of OK is $52,919, although that figure may vary from county to county. The maximum yearly income limits for Oklahoma USDA Direct Loan approval are listed below. Other than meeting Oklahoma USDA Direct Loan income limits, applicants must adhere to the following criteria to be eligible:

  • You have no decent clean, safe, and sanitary housing presently.
  • You can’t be able to get a mortgage from another source with terms and conditions that could reasonably expected to be met.
  • You must use this property for your primary residence.
  • You must possess the legal capacity to be able to contract a loan
  • You must meet citizenship or eligible noncitizen requirements.
  • You can’t be barred or suspended from participation in federal programs.

Additionally, the subject property must meet the following conditions:

  • Be a modestly sized home for that area.
  • Market value can’t be in excess of the areas applicable loan limit.
  • Can’t be designed for the production of income.

What areas in OK are eligible for USDA Direct Loans?

The property in question must be in an approved rural area. USDA Rural Development provides a webpage where you can search specific addresses in OK here.

How much can I borrow with a USDA Direct Home Loan?

The size of the mortgage that an applicant’s eligible for depends on their ability to repay. Rural Development takes into account income, assets, debt, and payment assistance when weighing eligibility for USDA Direct home loans. No matter what the repayment ability is, you can’t borrow more than the local loan limit for the county where the home is located.

Are there other mortgage options with low down payment or no down payment in Oklahoma?

Yes, there may be other low down payment mortgage options, and no down payment mortgage options in Oklahoma besides USDA Direct Loans. You can begin by researching Oklahoma USDA Guaranteed Loans, Oklahoma FHA Loans, and Oklahoma VA Loans if you’re a veteran in OK or qualified family member. You may also want to look into helpful programs for down payment assistance in Oklahoma.

Oklahoma USDA Direct Loan Maximum Income Limits

1 Person
2 Person
3 Person
4 Person
5 Person
Adair County, OK $45,600$45,600 $45,600$45,600 $60,200
Alfalfa County, OK $53,050$53,050 $53,050$53,050 $70,050
Atoka County, OK $45,600$45,600 $45,600$45,600 $60,200
Beaver County, OK $52,400$52,400 $52,400$52,400 $69,150
Beckham County, OK $54,150$54,150 $54,150$54,150 $71,500
Blaine County, OK $46,950$46,950 $46,950$46,950 $61,950
Bryan County, OK $45,600$45,600 $45,600$45,600 $60,200
Caddo County, OK $45,600$45,600 $45,600$45,600 $60,200
Carter County, OK $50,250$50,250 $50,250$50,250 $66,350
Cherokee County, OK $45,600$45,600 $45,600$45,600 $60,200
Choctaw County, OK $45,600$45,600 $45,600$45,600 $60,200
Cimarron County, OK $47,450$47,450 $47,450$47,450 $62,650
Coal County, OK $45,600$45,600 $45,600$45,600 $60,200
Cotton County, OK HUD Metro FMR Area $49,300$49,300 $49,300$49,300 $65,100
Craig County, OK $45,600$45,600 $45,600$45,600 $60,200
Custer County, OK $47,750$47,750 $47,750$47,750 $63,050
Delaware County, OK $45,600$45,600 $45,600$45,600 $60,200
Dewey County, OK $51,500$51,500 $51,500$51,500 $68,000
Ellis County, OK $58,100$58,100 $58,100$58,100 $76,700
Enid, OK MSA $51,050$51,050 $51,050$51,050 $67,400
Fort Smith, AR-OK HUD Metro FMR Area $42,300$42,300 $42,300$42,300 $55,850
Garvin County, OK $45,600$45,600 $45,600$45,600 $60,200
Grady County, OK HUD Metro FMR Area $54,000$54,000 $54,000$54,000 $71,300
Grant County, OK $55,500$55,500 $55,500$55,500 $73,250
Greer County, OK $45,600$45,600 $45,600$45,600 $60,200
Harmon County, OK $45,600$45,600 $45,600$45,600 $60,200
Harper County, OK $55,300$55,300 $55,300$55,300 $73,000
Haskell County, OK $45,600$45,600 $45,600$45,600 $60,200
Hughes County, OK $45,600$45,600 $45,600$45,600 $60,200
Jackson County, OK $45,600$45,600 $45,600$45,600 $60,200
Jefferson County, OK $45,600$45,600 $45,600$45,600 $60,200
Johnston County, OK $45,600$45,600 $45,600$45,600 $60,200
Kay County, OK $45,600$45,600 $45,600$45,600 $60,200
Kingfisher County, OK $59,600$59,600 $59,600$59,600 $78,650
Kiowa County, OK $45,600$45,600 $45,600$45,600 $60,200
Latimer County, OK $45,600$45,600 $45,600$45,600 $60,200
Lawton, OK HUD Metro FMR Area $54,100$54,100 $54,100$54,100 $71,400
Le Flore County, OK HUD Metro FMR Area $45,600$45,600 $45,600$45,600 $60,200
Lincoln County, OK HUD Metro FMR Area $47,850$47,850 $47,850$47,850 $63,150
Love County, OK $45,600$45,600 $45,600$45,600 $60,200
Major County, OK $53,750$53,750 $53,750$53,750 $70,950
Marshall County, OK $45,600$45,600 $45,600$45,600 $60,200
Mayes County, OK $45,600$45,600 $45,600$45,600 $60,200
McCurtain County, OK $45,600$45,600 $45,600$45,600 $60,200
McIntosh County, OK $45,600$45,600 $45,600$45,600 $60,200
Murray County, OK $52,550$52,550 $52,550$52,550 $69,350
Muskogee County, OK $45,600$45,600 $45,600$45,600 $60,200
Noble County, OK $53,100$53,100 $53,100$53,100 $70,100
Nowata County, OK $45,600$45,600 $45,600$45,600 $60,200
Okfuskee County, OK $45,600$45,600 $45,600$45,600 $60,200
Oklahoma City, OK HUD Metro FMR Area $59,050$59,050 $59,050$59,050 $77,950
Okmulgee County, OK HUD Metro FMR Area $45,600$45,600 $45,600$45,600 $60,200
Ottawa County, OK $45,600$45,600 $45,600$45,600 $60,200
Pawnee County, OK HUD Metro FMR Area $46,950$46,950 $46,950$46,950 $61,950
Payne County, OK $49,850$49,850 $49,850$49,850 $65,800
Pittsburg County, OK $46,150$46,150 $46,150$46,150 $60,900
Pontotoc County, OK $48,250$48,250 $48,250$48,250 $63,700
Pottawatomie County, OK $45,600$45,600 $45,600$45,600 $60,200
Pushmataha County, OK $45,600$45,600 $45,600$45,600 $60,200
Roger Mills County, OK $54,800$54,800 $54,800$54,800 $72,350
Seminole County, OK $45,600$45,600 $45,600$45,600 $60,200
Stephens County, OK $48,250$48,250 $48,250$48,250 $63,700
Texas County, OK $48,800$48,800 $48,800$48,800 $64,400
Tillman County, OK $45,600$45,600 $45,600$45,600 $60,200
Tulsa, OK HUD Metro FMR Area $55,750$55,750 $55,750$55,750 $73,600
Washington County, OK $52,400$52,400 $52,400$52,400 $69,150
Washita County, OK $49,450$49,450 $49,450$49,450 $65,250
Woods County, OK $64,900$64,900 $64,900$64,900 $85,650
Woodward County, OK $60,950$60,950 $60,950$60,950 $80,450

More USDA Loan Resources

USDA Direct Loan Income Limits (Low Income)
USDA Direct Loan Limits (Low Income)

All USDA Loan Limits
All USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs
USDA Loan Calculator

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